Dallas Fed PCE Price Index (Mar): 2.9% Y/Y (prev. 2.0%)
The Dallas Fed's PCE Price Index has shown a significant uptick to 2.9% year-over-year from the previous 2.0%, indicating increasing inflationary pressures.
US NEC Director Hassett says to "stay tuned" on measures to reduce fertiliser costs, no shortage of fertiliser
Iran Foreign Minister Araghchi reiterates that maintaining the Lebanon ceasefire will remain a priority in any future negotiations, via Fars
Dallas Fed PCE Price Index (Mar): 2.9% Y/Y (prev. 2.0%)
EU Trade Commissioner Sefcovic says the bloc will stand its ground, following on from China threatening retaliatory measures over industrial policy plans.
ECB policymakers see a June hike as very likely, Reuters reports citing sources; some advocated a move in April, could were ok with waiting until June.
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This larger-than-expected rise could influence upcoming Federal Reserve rate decisions, particularly if the trend continues, suggesting a potential tightening of monetary policy, which may have implications for the USD and fixed income markets.
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